RBA
HONG KONG: New Zealand (pic) followed in the footsteps of Canada to flag a potential interest-rate increase next year as central banks begin to tip toe away from their emergency monetary settings.
Markets seized on the tightening narrative yesterday, jolting New Zealand bond yields and its currency higher. As vaccines roll-outs continue and economies reopen, traders have been slowly dialing up expectations on rate hikes or a slowing of asset purchases elsewhere too.
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